OpenLegislation

Regulation 5 I1

(1)

Regulation 3 (form and content of regulated consumer hire agreements) shall be amended as follows.

(2)

For paragraph 4 substitute—

“(4)

Subject to paragraph (5) below the information, statements of the protection and remedies, signature and separate boxes which this regulation requires documents embodying regulated consumer hire agreements to contain, shall be set out in the order given by paragraphs (a) to (e) below under, where applicable, the headings specified below:—

(a)

the nature of the agreement as set out in paragraph 1 of Schedule 3 to these Regulations;

(b)

the parties to the agreement as set out in paragraph 2 of Schedule 3 to these Regulations;

(c)

under the heading “Key Financial Information”, the financial and related particulars set out in paragraphs 3 to 8 of Schedule 3 to these Regulations;

(d)

under the heading “Key Information”—

(i)

the information set out in paragraphs 9 to 11 of Schedule 3 to these Regulations; and

(ii)

the statements of protection and remedies set out in Schedule 4 to these Regulations; and

(e)

the signature box and, where applicable, the separate box required by paragraph (6) below,

and such information, statements of protection and remedies, signature and separate boxes shall be shown together as a whole and shall not be preceded by any information apart from trade names, logos or the reference number of the agreement or interspersed with any other information or wording apart from subtotals of total amounts and cross references to the terms of the agreement.”.

(3)

In paragraph 5 for the words “paragraphs 4 to 8 of Schedule 3” substitute “paragraph (4)(c) above”.

F1(4)

In paragraph 6 for the words “Forms 1 to 3” substitute “Forms 1, 4 and 5”

Annotations

Textual amendments

F1

Reg. 5(4) inserted (31.10.2004) by The Consumer Credit (Miscellaneous Amendments) Regulations 2004 (S.I. 2004/2619), regs. 1(2), 2(3)

Commencement

I1

Reg. 5 in force at 31.5.2005, see reg. 1